Posted by & filed under Canadian Economy, Canadian Government.

Description:    This past week our federal government introduced its budget for the next fiscal year. There were some interesting initiatives, including a possible grant to first-time home-owners from the Canada Mortgage and Housing Corporation and some early steps towards a national pharmacare program. But what wasn’t there is also quite interesting: the government is planning a deficit for this year and the next several, in contrast an earlier promise to return to surpluses before this fall’s election.

Date:  March 22, 2019



Discussion points:   

1) Have you discussed the federal budget in any of your classes?

2) What is your opinion about deficit financing?

3) Chapter 7 in Wiley’s Financial Accounting: Tools for Business Decision-Making talks about cash budgeting and planning major expenditures. What might be some of the challenges you would have if you were planning the cash budgets for the federal government?

Leave a Reply

Your email address will not be published. Required fields are marked *